The Demarker Martingale Metatrader 4 Forex Robot is an expert advisor that utilizes the Demarker technical indicator in triggering buy/sell alerts that are initiated in autopilot mode.
The Demarker Martingale forex robot is considered a relatively secured expert advisor due to its ability to take a single trade at a time.
If the robot losses a trade, it has an algorithm that allows it take a new position with a multiplied lot size.
This is possible because the EA has a unique formula for computing lot size.
Good enough, the Demarker Martingale forex robot works on all time frames on major currency pairs and stocks listed on NASDAQ.
This EA is restricted to trading the price of open candles only.
Download the “Demarker Martingale.mq4” MT4 robot
Strategy Tester Report
Find below the Demarker Martingale forex robot strategy tester report for the EUR/USD forex pair on the daily chart.
The EA made a total profit of $20794.69 from a total of 228 trades. The largest winning trade generated $11335.79 in profits, while the largest losing trade generated a loss of-$2575.54.
Bars in test: 1238 ticks modelled
Initial deposit: $10000.00
Total net profit: $20794.69
Total trades: 228
Largest profit trade: $11335.79
Largest loss trade: -$2575.54
Consecutive wins: 1
Consecutive losses: 3
Download the “Demarker Martingale.ex4” Metatrader 4 robot
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Enable “no loss,” When to move break even, How much pips to move sl, Lots size, TrailingStop, Stop Loss, MagicNumber, TakeProfit, period
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Martingale | Demarker
Copy and paste the Demarker Martingale.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)